Compliance Handbook

How to do a compliance check: using inspection powers: cashing up: overview

What is ’cashing up’?

’Cashing up‘ is a term used to describe the process of counting all the individual payments that a business has received from customers, and reconciling this with their sales record. This is usually carried out at the end of the day but a business may do this at intervals during the day as part of their security procedures.

Businesses operating a retail scheme for VAT purposes are required to record their daily gross takings (DGT). The record of DGT must include all payments as they are received.